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Title:The EU emissions trading scheme : allowance prices, trade flows, competitiveness effects PDF Logo
Authors:Klepper, Gernot
Peterson, Sonja
Issue Date:2004
Citation:[Series:] Kiel working paper [Editor:] Institut für Weltwirtschaft, Kiel [No.:] 1195
Series/Report no.:Kieler Arbeitspapiere 1195
Abstract:The upcoming European Emissions Trading Scheme (ETS) is one of the more controversial climate policy instruments. Predictions about its likely impact and its performance can at present only be made to a certain degree. As long as the National Allocations Plans are not finally settled, the overall supply of allowances is not determined. In this paper we identify key features and key impacts of the EU ETS by scanning the range of likely allocation plans using the simulation model DART. The analysis of the simulation results highlights a number of interesting details in terms of allowance trade flows between member countries, of allowance prices, and of the role of the accession countries in the ETS.
Subjects:EU emissions trading scheme , Kyoto targets , computable general equilibrium model , DART
JEL:Q48
Q54
D58
F18
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kieler Arbeitspapiere, IfW

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